Restrictions on Transfer of Seller Note. Neither the Seller Note nor any right of the Seller to receive any payment thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyed except with the prior written consent of the Controlling Party, which consent shall not be unreasonably withheld or delayed.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)
Restrictions on Transfer of Seller Note. Neither the Seller Note nor any right of the Seller to receive any payment thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyed except with the prior written consent of the Controlling PartyProgram Manager, which consent shall not be unreasonably withheld or delayed.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp), Sale and Servicing Agreement (Onyx Acceptance Corp)
Restrictions on Transfer of Seller Note. Neither the Seller Note Note, nor any right of the Seller to receive any payment payments thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyed conveyed, except with as provided in the prior written consent of Credit Agreement and the Controlling Party, which consent shall not be unreasonably withheld or delayedsecurity documents related thereto.
Appears in 2 contracts
Samples: Receivables Sale Agreement (American Axle & Manufacturing Holdings Inc), Receivables Sale Agreement (American Axle & Manufacturing Inc)
Restrictions on Transfer of Seller Note. Neither the Seller Note Note, nor any right of the Seller Sellers to receive any payment payments thereunder, shall be assigned, transferred, exchanged, pledged, hypothecated, participated or otherwise conveyed except with the prior written consent of the Controlling Party, which consent shall not be unreasonably withheld or delayedconveyed.
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